The pin insertion machine market was valued at USD 197.1 Million in 2015 and is expected to grow at a CAGR of 4.9% between 2016 and 2022. The base year used for the study is 2015 and the forecast period is between 2016 and 2022. This report provides a detailed analysis of the market based on method, industry, and region. It has been estimated that the semi-automatic pin insertion method would hold a large share of the pin insertion machine market. However, the market for pin insertion machines based on the fully automatic method is expected to grow at a high CAGR between 2016 and 2022.

The research methodology used to estimate and forecast this market begins with capturing data on key vendor revenue through the secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global pin insertion machine market from the revenue of key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments which have been verified through the primary research by conducting extensive interviews of people holding key positions such as CEOs, VPs, directors, and executives. These market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary respondents is depicted in the figure below:

The target audience for the report include key players such as TE Connectivity (Switzerland), SPIROL International Corporation (U.S.), Autosplice Inc. (U.S.), FINECS Co., Ltd. (Japan), and associations such as the Surface-Mount Technology Association (SMTA) and the International Microelectronics and Packaging Society (IMAPS).

Scope of the Report:

This research report categorizes the global pin insertion machine market based on method, industry, and region.

Global Pin Insertion Machine Market, by Method:

Manual

Semi-Automatic

Fully Automatic

Global Pin Insertion Machine Market, by Industry:

Telecommunication

Consumer Electronics

Aerospace & Defense

Automotive

Medical

Industrial Machinery

Energy & Power Systems

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to a companys specific needs. The following customization options are available for the report:

10 Pin Insertion Machine Market, By Geography (Page No. - 90) 10.1 Introduction 10.2 North America 10.2.1 U.S. 10.2.1.1 The U.S. Semiconductor Industry has Been at the Forefront of Worldwide Technological Development 10.2.2 Canada 10.2.2.1 Canada is One of the Leading Regions for the Aerospace Industry 10.2.3 Mexico 10.2.3.1 Mexico is Estimated to Grow at A Decent Rate in the Pin Insertion Machine Market During the Forecast Period 10.3 Europe 10.3.1 U.K. 10.3.1.1 U.K.: A Substantially Mature Market 10.3.2 Germany 10.3.2.1 Germany Held the Largest Market Share of the European Market in 2015 10.3.3 France 10.3.3.1 Pin Insertion Machine Market in France is Driven By the Demand in the Automobile Industry 10.3.4 Rest of Europe 10.3.4.1 The Constant Demand for High-End Consumer Electronics is Driving the Pin Insertion Machine Market in Roe 10.4 APAC 10.4.1 China 10.4.1.1 China Held the Largest Share of the Pin Insertion Machine Market in APAC 10.4.2 Japan 10.4.2.1 Great Scope for Development in the Market 10.4.3 South Korea 10.4.3.1 Presence of Top Semiconductor Companies in South Korea is Driving the Market 10.4.4 Taiwan 10.4.4.1 Taiwan is the Global Leader for Production in the Semiconductor and Wafer Processing Industries 10.4.5 Rest of APAC (RoAPAC) 10.4.5.1 Rapid Industrialization is Driving RoAPAC 10.5 Rest of the World (RoW)

Figure 1 Pin Insertion Machine MarketFigure 2 Market: Research DesignFigure 3 Market Size Estimation Methodology: Bottom-Up ApproachFigure 4 Market Size Estimation Methodology: Top-Down ApproachFigure 5 Data TriangulationFigure 6 Pin Insertion Machine Market, 20132022 (USD Million)Figure 7 Market for Fully Automatic Method of Pin Insertion Machine Expected to Grow at the Highest Rate During the Forecast PeriodFigure 8 Market, By Industry, 2015Figure 9 Pin Insertion Machine Geographic Market Share (2015)Figure 10 Attractive Market Opportunities in the Market During the Forecast PeriodFigure 11 Market for Fully Automatic Pin Insertion Machines Expected to Grow at the Highest Rate During the Forecast PeriodFigure 12 Semi-Automatic Pin Insertion Machines Held the Largest Share of the Market in 2015Figure 13 APAC Market Expected to Hold the Largest Share During the Forecast PeriodFigure 14 Consumer Electronics Industry Expected to Dominate the Market During the Forecast PeriodFigure 15 APAC Market Would Grow at the Highest Rate During the Forecast PeriodFigure 16 Pin Insertion Machine Market, By GeographyFigure 17 Demand for Press-Fit Technology in Automotive Applications Offers A Growth Opportunity for the MarketFigure 18 Major Value is Added During the Design of the Pin Insertion Machine and Its Validation PhaseFigure 19 Porters Five Forces Analysis, 2015Figure 20 Intensity of Competitive Rivalry Had A Medium Impact on the Pin Insertion Machine Market in 2015Figure 21 Threats of Substitutes Had A Low Impact on Market in 2015Figure 22 Threat of New Entrants Had A Medium Impact on the Market in 2015Figure 23 Bargaining Power of Suppliers Had A High Impact on the Market in 2015Figure 24 Bargaining Power of Buyers Had A Medium Impact on the Market in 2015Figure 25 Pin Insertion Machine Market, By TechnologyFigure 26 Pin Insertion Market for Fully Automatic Method Expected to Grow at A Faster Rate Than Other Methods Between 2016 and 2022Figure 27 Consumer Electronics Industry Expected to Lead the Market for Manual Pin Insertion Machines During the Forecast PeriodFigure 28 Consumer Electronics Industry Expected to Lead the Market for Semi-Automatic Pin Insertion Machines During the Forecast PeriodFigure 29 Automotive Industry Expected to Grow at A Faster Rate Than Other Industries for Fully Automatic Pin Insertion Method During the Forecast PeriodFigure 30 APAC Expected to Dominate the Market for Fully Automatic Method During the Forecast PeriodFigure 31 Pin Insertion Machine Market for the Automotive Industry Expected to Grow at the Highest Rate Between 2016 and 2022Figure 32 Pin Insertion Market for Consumer Electronics Industry Expected to Be Dominated By the Semi-Automatic Method During the Forecast PeriodFigure 33 APAC Expected to Dominate the Pin Insertion Machine Market for Automotive Industry During the Forecast PeriodFigure 34 Fully Automatic Pin Insertion Method Expected to Grow at A Faster Rate Than Other Methods for Industrial Machinery Sector During the Forecast PeriodFigure 35 North American Market Snapshot: Demand Would Be Driven By the Rise in Consumer Electronics and Automotive ComponentsFigure 36 APAC Market Snapshot: Growth Opportunities in South East Asian Markets for Electronic Assembly is Driving the Pin Insertion Machine Market in APACFigure 37 Companies Adopted Acquisitions and New Product Launches as Key Growth Strategies During 20122015Figure 38 Pin Insertion Machine Market Share Analysis: 2015Figure 39 Market Evaluation Framework: Significant Product Launches Fueled the Growth and Innovation During 20142015Figure 40 Battle for Market Share: New Product Launches/New Product Developments Were the Key Strategies During 20112015Figure 41 TE Connectivity Ltd.: Company SnapshotFigure 42 TE Connectivity Ltd.: SWOT Analysis:Figure 43 Marketsandmarkets Knowledge Store SnapshotFigure 44 Marketsandmarkets Knowledge Store: Semiconductor & Electronics Industry Snapshot

The pin insertion machine market is estimated to reach USD 276.7 Million by 2022. The need for miniaturization of electronics devices is a vital factor driving the market. Rising demand for flexible, cost-effective, and precise techniques for inserting connectors on the PCBs and demand for pin installation machines in surgical instrument assembly are also driving the need for pin insertion machines.

The automotive industry accounted for the largest share among all industries for this market, followed by the consumer electronics industry. Need for sophisticated automotive electronic systems such as vehicle speed sensors and safety & security systems among others for infotainment and media in luxury cars, SUVs, and passenger cars is one of the factors for high growth of the pin insertion machine market for the automotive industry. Moreover, the use of solderless press-fit terminals for the electronic connection is increasing in the automotive industry; the use of pin insertion machines for inserting press-fit terminals is driving the market for the automotive industry.

The market for pin insertion machines based on the fully automatic method is expected to grow at a high CAGR during the forecast period. This segment is expected to grow at a high rate during the forecast period due to high performance and dynamic functionality. Increased use of small-sized components and optoelectronics has forced the electronic assemblers to invest in fully automatic pin insertion machines as they provide automatic placement of pins on the PCBs. Eliminating rework, improving manufacturing processes, reducing related costs, and increasing profit are some of the advantages driving the adoption of fully automatic pin insertion machines.

APAC accounted for the largest share of this market in 2015, and the market in APAC is expected to grow at the highest CAGR between 2016 and 2022. Increasing electronic manufacturing activity, rising demand for the miniaturization of components, and significant growth in consumer and automotive electronics are driving the need for pin insertion machines in the APAC region. An increase in manufacturing activities combined with the regions emergence as a cost-effective production hub is expected to drive the pin insertion machine market in this region.

One of the key restraining factors for the growth of this market is high cost of investment in semi-automatic and automatic machineries for pin insertion. Pin insertion machines are used for inserting a standard pin or customized pin according to the assembly requirement. A manual pin inserter is an economical installation method for low-volume work and prototype designs, whereas for high-to-medium volume and low cycle time applications, semi-automatic or fully automatic pin insertion machines are required. The cost of semi-automatic or fully automatic machines is high and rises if they are needed for customized processes.

TE Connectivity held the leading position in the pin insertion machine market in 2015. The company manufactures and sells solder-free, lead-free mechanical and electrical PCB connections through a wide range of insertion machines. The company manufactures and sells pin insertion machines P50, P100, P300, and P350 to meet the production needs for manufacturing electronic devices.

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